Opec flashcard sets

SEARCH

Get rid of ads on Quizlet

No groups found.

opec definitions
# Definition Sets
1organization of petroleum exporting countries55 sets
2an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum26 sets
3organization of petroleum exporting countries; international cartel that inflates price of oil by limiting supply; venezuela, saudi arabia and uae are prominent members7 sets
4organization of petroleum exporting countries- an internal economic organization whose member countries produce and export oil.5 sets
5organization of the petroleum exporting countries5 sets
6organization of petroleum exporting countries, founded in 19604 sets
7organization of petroleum exporting countries - an organization of about a dozen nations that sell oil to4 sets
8organization of petroleum exporting countries. these oil-rich countries control a significant portion of the world's oil. iraq is a member.3 sets
9organization of petroleum exporting countries. these oil-rich countries control a significant portion of the world's oil. iraq is a member of opec.3 sets
10the organization of petroleum exporting countries, which decides the price and the amount of oil produced each year in iran, iraq, saudi arabia, kuwait, venezuela, and other countries.3 sets
11organization for petroleum exporting countries3 sets
12organization of petroleum exporting countries. an organization founded in 1960 of nations that export large amounts of petroleum: formed to establish oil-exporting policies and set prices.3 sets
13organization of petroleum exporting countries, founded in 1960.3 sets
14an organization of countries formed in 1961 to agree on common policy for the sale of petroleum.3 sets
15formed by the oil-producing nations of the middle east designed as a monoply to control the supply and price of their oil2 sets
16(organization of petroleum exporting countries) a cartel for petroleum2 sets
17an arab led organization. it reversed the decline the trend of decreasing crude oil prices by presenting a unified from against oil companies. it declared an embargo on oil shipments to the u.s. since they supported israel in the arab-israel war. (1019)2 sets
18blocked oil shipments to the us to protest us support for israel2 sets
19organization of petroleum exporting countries; oil rich countries control a significant portion of the world's oil; iraq is a member of opec2 sets
2012 countries who supply a lot of foreign oil; attempt to stablize the market and avoid fluctuations2 sets
21organization of petroleum exporting countries; countries who are dedicated to the production of oil; mostly middle east, but not all; us imports a lot of oil from opec; determines how much we get and the cost; as the cost goes up by dollar, that’s when the gallons go up by 2 cents;2 sets
22the arab-dominated company that became effective during and after the 1970s2 sets
23organization of petroleum exporting countries. this is an organization for countries in the middle east mostly though some are in south american and else where of countries who export oil across the world.2 sets
24organization of petroleum extporting countries: set prices and production levels2 sets
25abbreviation for the group of countries in the middle east who came together to charge a set price for oil2 sets
26brother of wah2 sets
27the organization of petroleum exporting countries, a group established in 1960 by some oil- producing nations to coordinate policies on selling petroleum products2 sets
28prominent oil cartel2 sets
29the organization of the petroleum exporting countries2 sets
30organization of petroleum exporting countries- and internal economic organization whose member countries produce and export oil2 sets
31an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum, organization of petroleum exporting countries2 sets
32organization of petroleum exporting cuntries, organization begun by oil-producing states originally for purely economic reasons but that later had more political influence1 set
33supranationalism organization that unites the oil-bearing countries in the middle east1 set
34a union among the nations with oil as a chief export. its goal is to stabilize the price of oil by cutting production as needed. has resurfaced during chavez's rule1 set
35est.1960 organization of petroleum exporting countries policies on selling petroleum products1 set
36middle east 1914-present1 set
37organization of pertroleum exporting countries; an organization of countries (mostly middle eastern) formed in 1961 to control the supply and price of crude oil1 set
38a group of nations that works the set oil prices and production levels1 set
39an organization of petroleum exporting countries – an economic association of oil-producing nations that is able to set oil prices.1 set
40(the organization of petroleum exporting counties) a group established in 1960 by some oil-producing nations to coordinate policies on selling petroleum products1 set